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. \s. >>> the bail is off, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he blames the koch brothers. >>> we have another horror story to tell you about. wait until you see the confusing, even threatening obamacare tax language in the new tax forms that no one understands. the down side of marijuana is out there. while everyone focuses on the financial effect of colorado's legal pot industry, tonight cnbc will premiere a new documentary that also looks at the dangers of this gateway drug and the serious challenge now facing colorado's parents. all those stories and much more coming up in "the kudlow report" beginning right now. ♪ good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we h
too much, borrows too much, and taxes too much. it reflects says america's priorities to create jobs, strengthen the middle class, and build an economy that creates opportunity for all. went to theell floor yesterday and talked about the president's budget proposal. he said it is not a serious document. [video clip] >> it will probably never past the democratic led senate. in some sense, that is the point. rather than put together a constructive blueprint both parties could use to get the economy moving, the president is opting for the political stunt for a budget that is more about andng up the base in election-year. it would increase taxes by over $1 trillion in the worst economic slowdown anyone can remember. it would explode spending by $790 billion, forcing us to borrow more money. it would do almost nothing to threatsthe serious facing our children's futures and does not come close to balancing this year. mitch mcconnell talking about the 2015 budget proposal. congress will take up budget proposals and will decide what gets spent. "the washington post" tweeted this -- it would
chairman steve forbes and roy hewitt will go on the tax reform plan. >>> and mayor bill de blasio acting like a sandanista. shutting the door on three charter schools and hundreds of kids in new york city. american parents see charter schools as the only way out of poverty for their kids and mostly minority kids at that. we will have the latest on that. meanwhile don't forget free market capitalism is the best path to prosperity. economic freedom and democracy may be at stake in the ukraine. that's why it's important. i'm kudlow and we'll be right back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tr
battle over reigning in. preventing the tax agency to ask groups specifically for their political, religious or social beliefs. instead the administration actually wants to expand the irs' ctrol over those kind of organizations. shld we rein in the power or give it more? let's go in focus. steve, do we really want to give the irs even more power? >> no. we should be giving it less. they are engaged in suppression, coverup and engaged in trying to make sure that groups don't go against the democrats in 2014 and 2012. brazenly after being found out of doing suppression in 2012, they are now putting in former regulations, 100,000 came in against the regs, including liberal groups like the aclu. republicans can use it against them shday. >> that's a good point. even the ac is against that. >> i don't think that's what these regulationsre about. look, if you want to -- accolish a 501 (c) status, i don't think it is appropriate. anybody that's welcomed to give money to a political group, political groups are not being squelched in any way. the difference is that will th donors be discl
in america. he'll tell us where that is coming up. >> also, tax season is upon us. up next, john harwood explains why the income tax as we know it could be ancient history in 25 years. i hope he's right. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> welcome back. as we celebrate cnbc's 25th anniversary, we're
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
about tax reform. but today, one republican congressman is trying to change that. correspondent doug mckelway is here with specifics. >> good evening, bret. house ways and means committee chairman has been working to simplify our massive tax code. it's so complex, camp believes it hinders growth. >> i don't think we can afford to wait. i can't settle for an economy that grows at 2%. >> camp unveiled his proposal that includes 228 provisions of the existing tax code. it flattens into two brackets of 10% and 25% for all taxable income. it creates a standard deduction of $11,000 for individuals, $22,000 for married couples. and it ups the child tax credit to $1,500. it also repealed the alternative minimum tax and simplifies the tax of investment income. but in a town that lives and breathes through tax loopholes carved out by special interest, his plan is coming under heavy fire. >> it's a nightmare for accountants and attorneys, once they stop objecting to the provisions, they'll a lot less work to do. >> one such organization said, it's quote, disappointing that he chose to single out p
budget. he's trying again today. we'll take a look to see who would be paying more in taxes if he gets his way this time. >>> renowned bond fund pimco has been in the headlines lately with its headline grabbing management changes. we're going to talk with its new deputy chief investment officer about what is ahead for pimco and what was her reaction to that "wall street journal" article saying that bill gross made pimco a tough place to work for. we'll find out coming up. >>> and he's just days removed from serving as the ambassador to russia. michael mcfaul has gone eye all to eyeball with vlad peimir put. did putin just blink or did he wink? (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today..
in tax revenue to the state. what do you say? legalize week nationwide for recreational use? yes or no? >> i would say no. there is a desire on the part of government illegalize it and anything compact and bring in some cash. stuart: $100 million. >> i would say no. it gives us amen, the availability for a -- particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. that makes it easier. there's a transfer. if it were ten miles away. probably still happen. in terms of legalization i think not until we understand how to actually test it. we have seen accidents with vehicles involving marijuana up 300% in the last decade. i need to be convincee that that would be a great idea for the future and the children. stuart: it was great to have you on the show. ou have an opinion and express it well. thank you for appearing with us. >> an honor to be with you. you might pop in here again this week. stuart: don't make projections you are not able to fulfil. time is money. let's move this along. thre
in swiss bank accounts and held avoid tax. between 2001 and 2008 a band of credit suisse bankers, they boarded planes and headed en masse to the united states on tourist visas. once in america it was time to woo possible clients. trips to miami, golf tournaments and high society cocktail party was part of the course. it was here that "sports illustrated" magazines were used to hand over bank statements on the sly. page 39, bob, that's according to one client. it all sounds very "wolf on wall street." the report claims the bank opened swiss accounts for more than 22,000 u.s. customers with assets totaling some $12 billion. that is why the u.s. is annoyed. it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period
're hoping for 3% gdp growth this year. and any big spike in oil makes you think that's a tax on consumers and it's harder to get. the ten-year is helping, though. in terms of keeping the housing markets going below 2.7%. the euro stayed remarkably strong for europe. basically being on the front line for this situation here. we will, after hitting some new lows, stabilize. and then finally, fwoeld, i think, traded lower yesterday after having really a great quarter, at least two months. so it's down about $4 today at 1334. and china's leaders reaffirmed the growth target of 7.5% but signaled some concerns about reaching that target. eunice yoon joins us now. we're in a great big city this morning, eunice, tossing to you over there. we're feeling very -- i don't know. we're going to change the world. >> you are. i think that's how people here feel, as well. there were thousands of lawmakers that were gathering together in beijing to heir china's version of the state of the union. this is presented by the premier of the country and it's really the first time that investors got a chance to se
that has ever done that. >> you have said the campaign is about jobs and education. it talked about tax incentives in regulation. what kind of tax incentives would you pursue? how much would that cost? contest to compete to bring jobs to their states. we are not competing. we are asleep. governor brown is not traveling insane bring your factory here. elon musk just yesterday announced his new battery factory. not looking to build in california. i do not fault elon musk for making a wild business decision. we need to improve california's economic climate so we are in the hunt. if you look up these windows, we have some natural advantages in california. nobody wants to move to texas. people love california. we do not need to be the cheapest place in the world but we need to be competitive and we are not. in arizona,building apple in texas. how would you get them to do california instead. >> the regulatory litigation complex in sacramento is out of control. hundreds of regulations every year. it is like a giant ball of yarn because bigger and bigger. we need to reign that and. when legisla
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
be compromised here? >> i do not see anything. it is $1 trillion more in taxes, increasing spending dramatically, not adhering to the compromise budget deal president obama signed a few months ago. that has been a problem. we do the budget control act, and then people weasel out of that. they do a compromise, and the first piece of legislation violates that. of course, this president is doing nothing to address the two thirds of the budget, the transfer payments, entitlement programs, that are on an unsustainable path. i do see a lot we can compromise on here. i happen to like the budget, but it is, relatively speaking, a non-event. there was a key agreement struck two months ago by the house represented by paul ryan, the senate represented by patty murray, in terms of discretionary spending and the key items within the discretionary account. second of all, this is a congressional election a year, obviously. i do not think this budget, which i happen to like, is going anywhere. >> what do you like about it? >> the deficit is going down considerably. >> is that from fiscal reform or from the econ
and a property tax and payroll tax and normally adhere san franciscans so their bowing goods and services in san francisco it really helps the economy of san francisco grow so its not only a benefit to the project but to the city. the contractors center is 5 thomas melon circle in the bayview area open 8:30 to 5 welcom >> let me see a show of the entertainment commission we're going to start with a role call. >> do you want to do a announcement about develops. >> if you have cell phones leave them on vibrate if you wish to speak fill out the speaker cards and come as you are called and thank you to sfgovtv and the 3 to 4 services for presenting this live to the public. >> thank you very much commissioner . commissioner joseph >> here. . commissioner lee. commissioner campagnoli. >> here. . president tan we have a quorum and commissioner perez is out of the country i'm not sure about commissioner akers we probably will expect her. the first is. this is for any comment that is not agendized if you feel you have something that's relevant to our work looks like we have one person standing. pl
his plan to raise taxes on wealthy new yorkers to fund a universal prekindergarten program. >>> an injured bear is rescued at a california ski resort. this bear, you can see him right there. he was bleeding and wandering around the chair lift area. animal rescue animals worked with key patrols to did he tell him off the mountain and to a vet. he's expected to be just fine. glad to hear that. those are your headlines. poor little guy. >> let's talk about russia. to do that, let's bring in somebody very special. laura ingraham is with us right now. hey, laura. >> good morning. >> should we just start speaking in russian today? i'm glad i didn't lose all my russian. i'm glad i still have it. >> yeah. first off, there is some news. we saw that potato houston a press conference to -- putin had a press conference on why he invaded another nation. he said he had no choice. there was an unauthorized coup that took place in the ukraine and he had to help save the russian-speaking people. >> yeah. we all have to remember that this part of ukraine, this is historically for the russian
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tax proposals meant to help low and middle-income families. the white house says the president's budget plan reflects his desire to try to reduce income disparity. by law, the president is required to release a budget plan but for the most part congress usually ignores it and comes up with its own budget. >>> 7:17. back here at home, the oakland police department is hiring and the department is hoping to fill its ranks with some home- grown talent. right now, the oakland police department has 616 police officers and the money to hire 91 more. the department says reaching out to local recruits, that has been a challenge. that's why they are targeting people as early as high school. and they are using technology like social media and text messages to reach the candidates. >> we're recruiting a younger generation, we're much more tech savvy than people were in the past. they are making use of social media so we're going to them. >> the starting salary for for an oakland police officer ranges from $69,000 to $98,000 a year. >>> happening now -- the final day of mardi gras celebrati
-election again. >> i understand. that he cast a shadow. i want to ask you scott about the restaurant tax. i'm sure this is going to get around in campaigns. do you expect more or less from this? >> i think you'll see more businesses do this. this is a case in florida a business has to roll out coverage to about 500 employees on staff. >> gators dockside. >> i've got a picture of it. the chicken sandwich $8.99. chili cheese doing $6.99. there's a buck and a half sales tax. 20 cents aca surcharge. is it more or less? >> they interviewed this guy. didn't seem like he was trying to make a political statement. seemed like a business man trying to find a way to bake costs into the total bill. you'll probably see more businesses to do this. some to make a political statement, some just business. >> terry jeffrey, when are the ads going to run on this? we're going to get to scott on this story. irs is getting ready to punish everybody who hasn't signed up. i don't think that's going to last. i think obama will extend the march 31st deadline. i think he's going to renew the cancelled policies. numbe
with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. >> and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. >> it is complex. >> but related to transactions between penmax and vanimax who is a big subsidiary? >> yes, because i felt that citi is the emerging market bank, and this is the jewel of the crown, and this is a company troubled for a long time. there was a corruption investigation started february 14th, and citi does allude to that, but when you are the emerging market bank, what you want is 6% to 7% growth routine and you don't want corruption, and this is a throwback and this is a oceanographica, and it is not a company you want to be affiliated with and they can sell assets, but it is a black mark, and the stocks started trading down when the investigation began and all of the financials are weak, but this is disappointing. >> but time again we have a company admit to or accused of having trouble doing business in this specific part
issue as you know, bill, the grand bargain, retirement reform, big tax deal, that's not happening. so this is money that is not going to be allocated. republicans in the house will block this request by it's all about the election because policy-wise this is not going anywhere. bill: appreciate your time out of d.c. for viewers at home, what do you think? is washington serious about its budget? will it ever balance its books? send us your tweets @marthamaccallum and bill hemmer. martha: people who like their plans maybe can actually keep them. is this latest delay because of the mid-term elections that are looming? bill: a smartphone that makes your phone useful to the bad guys. >> there goes a couple of plows demonstrating what i said, hitting us. there you go, there goes another one. four plow trucks. martha: a reporter getting snow plowed. he will talk about what happened and his close encounter with the plow. sfunction get in your way? talk to youroctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause a
's going to bring $600 million of revenue, 1$135 million in tax revenue alone. i think it needs warning labels like cigarettes do. people haven't talked about it. the jury is out on how effective or destructive marijuana can be on you. can it cause cancer in they don't know. can it hurt your lung capacity, cause psychosis, can it affect a pregnant woman? you can read studies on both sides. we need a defined study and warnings. if it's legalized and informed, you know the risks. i'm not a pot smoker but it can be fun. i see my friends giggling but as long as you know the downside it's fair. >> very important discussion. you're right. it should be on a national level. i want to turn to a much more serious subject. obviously what is happening in washington is you do have discussions going on between the president of the united states. the prime minister of israel was in the white house speaking about this deadline to at least get to a framework on a deal between the israelis and palestinians. when you talk to family members how hopeful are you that we can have some progress on this issue?
a friend to tax to pay for general services. they want to expand or lower an existing tax on cable television and landlines to include cell phones. this measure could go on the november ballot. >>> a bizarre attempted murder case in the south bay, police say the weapon was a speeding car targeting total strangers. >>> we are live in san jose where a fire ripped through a town home come plex, we will tell you how many people were affected and what they are saying this morning. >>> it is a rough one, we will give you drive times an alternate routes. >>> still some morning rain, hit and miss, more rain is on the way and we have a stronger system with more rain on the way, details coming up. [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ .
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com katy, ka . . >>> back of the book segment tonight. did you see that? we have two stories for you tonight. here to help us out. fox news anchor martha maccallum you see her with hemmer 9:00 a.m. eastern time. colorado, as you know, one of the five states in the union doesn't have jessica's law now reintroduced by some republicans in the legislature. they tell me out in denver the fix is in against jessica's law. that true? out in denver the fix is in against jessica's law, is that true? >> yeah, this would be the third time at some point where jessica's law came up for a vote in colorado. this was sent to what is known as the kill committee, the veteran's affairs -- >> military veteran's affairs. >> a committee of seven democrats, four republicans.
game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> so it's the modern day personal portrait. a selfy. but these closeups, look at this handsome man and beautiful woman. ryan buckley and rebecca samu samuels. amazing producers. selfy has become part of a canine craze. they didn't just take a picture of themselves, they mutt bombed you. it's taking the internet by storm. for real, here's jeanne moos. >> reporter: introducing ethan. the poster boy for mutt bombing for what? >> mutt bombing. >> reporter: good name, huh? >> yeah. it's been great. we trademarked it and everything. >> reporter: it's a new way to get people to adopt pets. a marketing agency called the este inc. is selecting fun selfies from instagram and photoshoping in dogs that need homes. they really started getting attention when they mutt bomb
, which is probably too much even for jim grant. so i think you always have to think, what are the tax arrangements, what are the future taxes? what does that look like? what is the monetary arrangement? what does that look like? once i know what that apology is, i can go, jim cramer and others can go and say here's what the prices are. >> that's interesting. >> i know it's been talk around wall street that this is artificial pricing and stuff. it's inhaernt becauerent. >> as free as the market ever gets, still takes into account some -- >> you can have crappy policies and you can have good policies. that's certainly true and fair to argue. you're never going to get away from the idea that the policies are affecting the prices. >> more from fed president, st. louis fed president jim bullard still to come. >>> let's take a check on energy prices. oil prices have been climbing over the past month and nat gas has been on a tear this winter. joining us now is lord john brown, former ceo of. bp. welcome to the broadcast, "seven elements that changed the world" is the name of the book. we th
, that's a big-time problem. remember, anybody that doesn't sign up, they're looking at tax penalties. when people start source the higher taxes that come with obamacare, i think that, again they're going to be unhappy about it, and that's the growing discontent you see, that the -- on a bipartisan basis, democrats need to join with us on the right kinds of solutions. >> senator john hoeven, republican from north dakota, that deadline is approaching fast. we will be reporting on it. thanks for joining us this sunday. >> thanks, eric. >>> thanks. jamie? >> gentlemen, thanks to both of you. >>> there's a new government watchballing report. appearing at first glance, it concludes that the u.s. has a shortage of airline pilots. there are some analysts that say they're unsure if there are too few or too little bay for those who would otherwise be capable, but what is behind the drop-off? should air travelers be concerned? >>> joining mess is askor of "bulls and bears" seen here on saturdays. we never miss it. >> thank you. >> if there aren't enough pilots, what will it mean? >> i took a cl
. >> not to mention tax inversions. we've seenet so often in this area. finding a way to get to ireland is really what it amounts to or some other tax jurisdiction other than the united states my favorite having been that one that endo did with paladin and they both ended up in ireland. >> i like paragos that is in from ireland. isn't that the melting pot story there, israel, ireland. >> global economy. >> we could use tax reform and this is the perfect example. >> alchemy, what a great company, moves to ireland, boom, like that. >>> gm one of the worst performers this morning down 1.5%. ntsa will open a probe into the faulty ignition. and a lot of users are bed bath, vm, target, ralph lauren. >> a lot of profit taking. ralph lauren was upgraded and downgraded at goldman. the group, these were huge moves yesterday. you take them back a little bit and then i think they settle in and you buy them again because these stocks are much cheaper than the average stock in the market. and i like that. i like value. >> all right. how about a faber report? >> how about it? let's talk sears holdings. in fact, i wa
a trip funded by a private group actually saves tax payers money and gives him more flexibility than official congressional trips. >>> people living in the midwest and northeast say they are getting tired of the extreme winter they've been experiencing. now, a growing number of them are heading to warmer destinations instead. the website jetsetter.com says the number of hotel booking the in warm spots made by illinois, new york, massachusetts and washington, d.c. was up 7% last month compared to last year. florida, california, and arizona are their top destinations. >>> 7:17. tori, now to developing news about b.a.r.t. this morning. a problem in the transbay tube. it is disrupting b.a.r.t. service systemwide. tara moriarty is live in oakland. what's going on? >> reporter: well, it seems like the problem might be getting better. we're here at the west oakland b.a.r.t. station. the last train that pulled in, it did not wait on the platform. it took off right away. the official word is that bart is on a 20-minute delay this morning. so definitely give yourself some extra time to get whe
romney of not paying taxes? it would be a different story, wouldn't it? >> you're right to bring up that romney thing. he made pretty much a scandalous accusation against him not paying taxes, again from the congress floor. a list was posted of the important donors. labor unions are by far and away the biggest, most influential of those donors and many of them give 90-plus percent of their contributions to democrats. if you're going to talk about money in politics, you can not just talk about the koch brothers. you've got to talk about the big unions. >> it's almost like vince mcmahon producing these elections on the democratic side. they have to make a good guy and villain. mitt romney was the bad guy. it's not so much the policies, it's how bad he is. now let's create another villain, these horrible people financing a bunch of illogical candidates against the good guys. black hats and white hats. i wonder how long america will buy it. >> the whole idea right now is to tar a republican candidate with the villainy of the koch brothers because americans for prosperity, a group that t
well, maybe some of those explanations of what was going on was a lot of tax related selling in the first month of the year. turned out actually to be true. go ahead. >> here we have a very broad rally, at least today. >> i think there are elements of the tax selling that are true. another element is a lot of people came in very, very short in january, short the stock market, short the bond market, because remember, the prevailing paradigm, the fed tapering program is going to continue. a lot of people believe that the tapering program, that the fed's aggressive action was one of the reasons the stock market held up so well, one of the reasons bond yields were so low and everything was going to change. it didn't really happen and it hasn't happened. i think short covering accounts for a lot of the action we've seen recently. remember, too, we are really almost sideways. we went into new highs at the end of december and are a little above that. so far this year, the stock market is largely sideways. i'm not putting down the rally we've had but we're not blowing up here on the
the news feed. republican congressman dave camp of michigan is talking up the tax reform plan that he proposed yesterday. now on "morning joe" today he said this provides reform and growth, he says it's a simpler tax code in which 95% of taxpayers would pay a 10% rate. it too good to be true? it cuts a few cherished cuts and credits, which has led some to say it's d.o.a. senator warren is taking part in a discussion at the center for american progress. but not not so much for the middle class, an issue she's been leading on. >>> we want you to know, as we keep you read in here, at this hour, tea party patriots are throwing themselves a fifth anniversary. among the speakers thob michele bachmann is speaking right there on the screen, plus steve king and tea party senator mike lee. rand paul and ted cruz are headlining in the afternoon. we'll have more on that story later. >>> coming up first, president obama making good on a promise that he made to young minority men. will the promise ultimately breed results? that of course is a question on a lot of people's minds. we're talking about
blame democratic governor como. his taxes and an increase in state spending. so then why are a group of conservatives calling themselves republicans for cuomo still lending their support to him? here to explain, charles gasparino. there are some democrats that -- is andrew como a typical lib vertebral democrat? >> he's in the sense he talks about the wealthy. when you cut down his rhetoric, look at what new york is is, ths is the home of liberalism. he hasn't changed that. he doesn't allow fracking upstate which would alleviate the unemployment problem up there. this guy is allowing bill de blasio, the mayor of new york to essentially end charter schools, ends expansion of them. not even saying anything about it. yet you have a group of republicans, people who call themselves republicans, led by the founder of home depot, saying that conservatives and republicans should vote for this guy. and what i've been reporting and writing is that if we should support him, they shouldn't sell out so cheap. kind of like stockholm syndrome. they're stuck in new york and somehow think cuomo is the
she moved out. . >>> they have released a list of tacks tell lynn -- tax delinquents. the north bay wellness group marketing of fremont, each have 900,000 and total overdue a half billion dollars. there will be changes made to the scholastic test. those who administer the sat, say there will be changes and they are upgrading and the changes will be in effect in 2016. >>> this is a case making  national news a teenager in new jersey is suing her parents for support. she asked for immediate assistance including paying her tuition, her living expenses and her college tuition but a judge yesterday rejected the teenagers' request. >> she is being steered down the wrong area and it is killing us. >> rachel's parents said she voluntarily moved out and into her best friend's home because she didn't want to obey her parents' rules anymore. >>> and around the world, today marks the first day of lent, ash wednesday and it is a season of prayer leading up to easter. many give up something during lent and other activity, and many are holding ash wednesday's services. >>> he hit the jackpot aft
right now. many big u.s. corporations paying very little taxes. that is weighing in on the markets. tesla bay area company record high after word that it will start making more efficient battery. >>> the huge data breach has taken a toll on target. the retailer says customers stayed away because of concerns about the problem. they also warn cost related to the breach could effect the next earnings report. >>> time is 6:56. police in san leandro are warning people about burglars posing as utility workers. the latest hit was on saturday. we talked to a victim who didn't want to be identified. the victims claimed they were from the water company and needed to check their home. while she was distracted by one burglar she says the others went upstairs and stole cash, jewelry and a handgun. the thieves are two men and a woman. the most recent burglary happened saturday on kenyon avenue. >>> this is my favorite story of a day. a man and woman walking their dog in the gold country where they live came across buried treasure. they spotted rusted canisters. barely visible in the dirt. they p
on the tax thing. he would not let up on that. it seems answering the clarion call on these people on these antiobamacare ad. are these real people out there? are these real people with real problems? senator harry reid took to the floor yesterday and said these are fake. watch. >> there's plenty of horror stories being told. all of them are untrue. but those tales turned out to be just that. tales. stories made up from whole cloth. lies distorted by republicans to grab headlines or make political advertisements. >> clayton, when he came up and brought that thing up about mitt romney, by the way, everybody knows mitt romney doesn't pay taxes. he doesn't even know mitt romney. unsubstantiated claims. again unsubstantiated claims. all made up. really? listen. >> when i called and found out ours was being canceled, from there trying to kind of work through that healthcare.gov and just running into glitch after glitch, a dozen different glitches just trying to fill out the application. >> my doctors are no longer available in my network. this is delaying all my treatment and surgery. m
to put a measure on the june ballot that would boost sales tax. if approved, the sales tax would go up by .5% to 9.5%. the measure is expected to bring in an additional $10 million a year to help clear the backlog of projects put on hold during the recession. it includes hiring more police, street repairs and upgrades to fire stations and libraries. city officials say 65% of people in hayward support the increase. >>> 7:42. the golden state warriors may now be shooting for alternative sites for a new basketball arena in san francisco. publicly, the warriors say they are moving ahead with their plans to build a new waterfront april rena south of the bay bridge. however, today's chronicle reports a team is quietly checking out other locations in the city including the main parking lot right across from at&t park. the original proposal calls for building an 18,000-seat arena between piers 30 and 32. opponents say a basketball arena there would ruin the view of the bay. >>> 7:42. a woman in her 80s tied up in her own tome. the recent string of robberies that has an east bay neighborhood on
. what we really need to do is look at this through a tax policy. and i don't think we need to tax it on a consumer level. that doesn't work. i think we need to look at if you're going to advertise junk food that should not be deducted, that's one way to affect this. and then perhaps those food companies will spend their advertising dollars on some of the healthier foods in their portfolio. >> i have a point i want to make. i think this has been one of the most successful first lady movements that we've ever seen, but i think that's in part because it's hard to be against, right? but most first lady movements are but also in part she has been able to get a lot of corporate buy-in on this. corporations have been relatively friend ly to them because they can make money off of it. she's not telling them, no, you can't sell stuff. they are starting to market around other things and i wonder if that's going to mean it's sustainable or not. >> may i address that? >> yeah. >> actually people probably don't know this but when she launched let's move four years ago, she created a nonprofit
, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he
, intervention is, as he described tax grave mistake. he also emphasizedz that the u.s. supports the territorial integrity and the sovereignty of ukraine. we have been reaching out to administration officials over the course of the day, trying to find out more information about those forces that have been entering crimea that region within ukraine today and u.s. administration officials, as you have reported, cop firmed that uniformed russian forces, apparently a hybrid of military and paramilitary forces, are still flying into that region today. they could not confirm the exact numbers, no reason to doubt the basic information that they are russians arriving on russian aircraft, as we speak right now. we expecterer the president may comment on a potential conversation he may have had with vladimir putin. the last time the two men spoke was exactly a week ago. make no mistake, these are severe, significant consequences that russia could face, whether they are militarily -- military consequences, it's clear the u.s. has little it could do in terms of military efforts at this time, alex, but obvio
up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> the social network giant facebook has hired a community safety police officer for three years for the price of $200,000 a year. the officer will be on patrol in menlo park. that brings us to this morning's squawk on the tweet, now that facebook has hired a cop for menlo park police should be on the lookout for tweeters tweeters @squawkstreet we'll air your responses throughout the morning here on cnbc. >>> when we come back one start-up whistle is making wearable technology yeah for dogs. it measures your pet's activities streams the information right to your smartphone because, hey, you got to know how fit your dog is. it's now available in petsmart and the ceo of whistle will join us next. as we go to break, take a look at petsmart
to cut taxes for more than 30 million working americans and expand credit for middle class families to avoid child care and college costs. president obama will ask for more spending on u.s. infrastructure, such as highways, bridges and trains. now, old man winter strikes again. the senate banking committee has postponed today's confirmation hearing for three nominees after a storm blanketed washington with 2 to 8 inches of snow shutting down the federal government. no new date has been set so far. now, back to our top story. a deadline for ukrainian troops to withdraw from crimea has passed with no shots fired. nbc's bill neely has the latest from the region. >> reporter: russian intrups are fighting their grips. they've fought wars before to take this region. this time, they didn't have to, marching in without firing a shot and taking it in just three days. the russian march against crimea is relentless and it seems unstoppable. the big question is where exactly in ukraine will these men stop? russian troops now surround ukrainian army bases, this one of the biggest. ukrainian sold
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